Amazon Managed Blockchain is made available by AWS

Amazon shared news on 30 April about Amazon Web Services Inc. (AWS) announcing the general availability of Amazon Managed Blockchain.

Amazon introduced Amazon Managed Blockchain as a fully managed service that makes it easy to manage and create scalable blockchain networks. Customers can conveniently set up a blockchain network spanning multiple AWS accounts with a few steps in the AWS Management Console. Amazon Managed Blockchain extends to support a multitude of applications and numerous transactions using popular open source frameworks like Hyperledger Fabric.

Rahul Pathak, General Manager, Amazon Managed Blockchain at AWS cited –

“Customers want to use blockchain frameworks like Hyperledger Fabric and Ethereum to create blockchain networks so they can conduct business quickly, with an immutable record of transactions, but without the need for a centralized authority. However, they find these frameworks difficult to install, configure, and manage. Amazon Managed Blockchain takes care of provisioning nodes, setting up the network, managing certificates and security, and scaling the network.”

Amazon substantiated that for customers in businesses like finance, logistics, retail, and energy, blockchain gives them the ability to execute smart contracts and share data. There is a provision for an immutable record of transactions without the need for a trusted, central authority. Amazon noted that customers generally create blockchain networks using Hyperledger Fabric and Ethereum, but setting up the network is tedious.

Amazon indicated that by using Amazon Managed Blockchain, customers simply choose the framework of their choice, add members, and set up the member nodes that process transactions. Amazon Managed Blockchain does the rest, creating a blockchain network that can cover multiple AWS accounts and configure the software, security, and network settings. Customers can focus on application development instead of worrying about setting up a blockchain.

for customers in businesses like finance, logistics, retail, and energy amazon managed blockchain would be a boon.

In February, VeChain Foundation had reported that Amazon Web Services (AWS) would enable One-Click VeChainThor blockchain deployment for enterprises. This would allow a number of enterprises to deploy quick and compliant blockchain applications. VeChain’s solution would use AWS CloudFormation to enable their customers to deploy the blockchain in one click.

Amazon noted that in addition to making it easy to set up and manage blockchain networks, Amazon Managed Blockchain provides simple application programming interfaces (APIs). These APIs allow customers to vote on memberships in their networks. Amazon Managed Blockchain offers a range of working modes with different combinations of computing and memory capacity. This gives customers the ability to choose the right blend of resources for their blockchain applications.